MU:MU11183 Managerial Accounting - Course Information

MU11183 Managerial Accounting

Extent and Intensity

0/2/0. 3 credit(s). Type of Completion: z (credit).

Teacher(s)

Ing. Jan Hromada (seminar tutor)

Guaranteed by

Ing. Jan Melecký, Ph.D.
Mathematical Institute in Opava

Timetable of Seminar Groups

MU11183/01: Tue 16:25–18:00 RZ, J. Hromada

Prerequisites (in Czech)

MU11182 Accounting Fundamentals && TYP_STUDIA(B)

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

• Mathematical Methods in Economics (programme MU, B1101)
• Mathematical Methods in Economics (programme MU, Bc-M)

Course objectives

The subject Management Accounting follows and closes other economic subjects - the Basics of Accounting and the Economics for Business I, II. The objective of the subject of Management Accounting is to clarify content and information ability of accounting for management. To show the Management Accounting as a process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of data used by management for planning, evaluating and controlling processes within the company. To present how the company management have to assure appropriate use of the data with respect accountability of the resources. To present the Management Accounting and controlling as a integral part of an information support of the top management. To present economic significance of costing, cost allocation process, cost splitting for variable and fixed part with an important impact for decision-making problems. To present usage and interpreting of the key performance indicators. To present examples from the corporate practice.

Syllabus

• 1. Financial, cost and management accounting, controlling.
  - To define enterprise and entrepreneurship.
  - To define managerial accounting and distinguish it from the goals of accounting for external users and tax legislation.
  - To characterize relationship between controlling and management accounting.
  2. Overview of enterprise internal structure.
  - To define internal structure of activities within enterprise and their classification.
  - To characterize performance-related line management - cost-performance accounting.
  - To characterize responsibility through the line management - responsibility accounting.
  3. Cost accounting, cost management.
  - To clarify the interpretation of costs in cost accounting and difference with financial accounting.
  - To characterize criteria of cost classification.
  - To define the basis of variable and fixed costs and their utilization for business performance management.
  4. Plan and budget.
  - To define content and function of plan and budget.
  - To clarify the process and phases of budget making, types of plans.
  - Creating budget Profit and loss statement.
  - To clarify basic methods of budgetary control.
  5. Costs calculation (costing).
  - To define the concept of costing.
  - To clarify basic methods of costing.
  - To express the structure of costs in costing, distinguish costing formulas.
  - To clarify the relationship between budget and cost calculation.
  6. Costs allocation.
  - To characterize direct and indirect costs in relation to costing unit.
  - To define methods of assigning costs.
  - To characterize causal relationship between calculated costs and outputs.
  - To clarify reasons for indirect costs allocation.
  - To characterize phases of allocation.
  7. Criteria of the management of effectiveness.
  - To define criteria for value management of business process.
  - To characterize indicators for measuring economic effectiveness.
  - The application of EBIT, EVA indicators.
  - Using Altman Z-Score for risks identification.
  - Paret rule.
  8. Issues of costs, revenues and profit management.
  - To define the basis of variable and fixed costs within management accounting.
  - To characterize profitability indicators in outputs calculation - profitability index, gross margin, contribution margin.
  - Application of the Breakeven point indicator.
  - To display utilization of calculation of full and variable costs in value management.
  - Decision-making problems.
  9. Calculation system and its utilization by management.
  - To define relevance and utilization of calculation as a basic instrument of performance-related line management.
  - To characterize preliminary cost calculation and resultant cost calculation.
  - Deviations analysis.
  - Comparing planned, target and actual costs.
  10. Management strategic system, Balance Scorecard (BSC).
  - To understand the relevance of strategy as an instrument for management improvement in companies (strategically oriented Management Accounting).
  - SWOT analysis.
  - To define four perspectives - Financial, Customer, Internal Business Processes, Learning and Growth.
  11. Internal pricing.
  - To define types of internal prices.
  - To clarify the principle of internal pricing of finished products and work-in-progress.
  - To clarify the ?Arm´s length? principle.
  12. Investment decision..
  - Deciding on future capacity.
  - The basic situation of the investment decision.
  - To explain the indicator Net Present Value (NPV).
  - Examples.
  

Literature

required literature
• DRURY, C. Management and Cost Accounting. 8th Edition. London: Cengage Learning, 2015. ISBN 978148093887. info
• FIBÍROVÁ, J., ŠOLJAKOVÁ, L., WAGNER, J. Nákladové a manažerské účetnictví. Praha: ASPI, a.s., 2007. ISBN 978-80-7357-299-0. info
• KRÁL, B. A KOL. Manažerské účetnictví - 2. rozšířené vydání. Praha: Management Press, 2006. ISBN 80-7261-141-0. info

recommended literature
• HROMADA, Jan, MELECKÝ, Jan. Cvičebnice pro podnikovou ekonomiku a controlling. Opava, 2013. URL info
• KAPLAN, R. S., NORTON, D. P. Balance Scorecard. Praha: Management Press, s.r.o., 2007. ISBN 978-80-7261-177-5. info

not specified
• MIKOVCOVÁ, H. Controlling v praxi. Praha: Vydavatelství a nakladelství Aleš Čeněk, 2007. ISBN 978-80-7380-049-9. info
• SYNEK, M. Manažerská ekonomika. 4. aktualizované a rozšířené vydání. Praha: Grada Publishing, 2007. ISBN 978-80-247-1992-4. info

Teaching methods

Lecturing

Assessment methods

Credit

Language of instruction

Czech

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.

Teacher's information

Understanding differences between Management Accounting for internal user and management and goals of accounting for external users. To be able to describe key concepts such as controlling, calculation, margin, contribution margin, cost allocation, EBIT, EVA etc. Understanding the criteria for cost classification, to be familiar with the basis of variable and fixed costs and their usage for management. To be able to clarify basic methods and structure of cost costing.
To give a credit there is necessary to achieve 60 % points in the final written test plus 50 % of the points in the examples.

Activity	Difficulty [h]
Cvičení	26
Domácí příprava na výuku	20
Příprava na zápočet	30
Summary	76

• Enrolment Statistics (Summer 2022, recent)
  
• Permalink: https://is.slu.cz/course/sumu/summer2022/MU11183